Plastics Industry Expands in Costa Rica

In 2011, 300 companies sold products worth $314 million to 71 destinations, which is an increase of 57% compared to 2007.

The Costa Rican plastics manufacturing industry constitutes some 300 companies who traded more than 215 products abroad in 2011, whereas in 2007 there were only 248 companies selling around 212 products abroad.

Sales last year reached $314 million, the best year the industry has had in the last five years, according to data from the investment agency Procomer. This is 30.6% more than in 2010 and an increase of 57% compared to 2007.

"Items of plastic packaging, plastic sheets and plates, pipes and pipe fittings and plates for switches and outlets are the most popular products sold abroad," reports Elfinancierocr.com.

"Regarding the biggest companies, Panduit de Costa Rica, Durman Esquivel (subsidiary of Aliaxis Latin America), Proquinal, Yamber and CSI Closure Systems and Manufacturing, occupy the top five in terms of quantity of exports."

Between 2009 and 2012 exports of Salvadoran plastic products grew by 60%, reaching $105 million, with the main buyer being Guatemala.

The plastics industry of El Salvador increased its foreign sales by 60% between 2009 and 2012. According to data of the Central Reserve Bank of El Salvador, in 2012 alone, over $81 million worth was sold to Guatemala.

The Guatemalan plastics industry exported 110,485 metric tons in 2011, while in 2010 only 88,906 metric tons were sold abroad.

According to a statement from the Guatemalan Exporters Association (AGEXPORT):

According to the Plastics Commission of the Guatemalan Exporters Association, trade promotion, training and education were the key initiatives that enabled the national plastics industry to increase exports from 88,906 MT to 110,485 MT in a year.

We are an U.S. Import Export Trading Firm based in Columbia Maryland since 1997: Specializing in import, export brokerage, export management, international business marketing consultation.Consultant Services: An international trade specialist...